The Relationship of Educational Attainment to the Well-Being of Mexican Householdsof Mexican Households

Abstract

Objective: This research aims to demonstrate the effect that access to higher level and better-quality education generates and promotes, primarily for the most disadvantaged sectors. The researchers intend to contribute to the visibility of educational managers, governments, the productive sector, and society in general regarding the path formal education must follow to achieve better well-being for Mexicans. Justification: The researchers believe this research highlights the economic benefits of education and the overall well-being of individuals within Mexican society. Methodology: The researchers employed a quantitative, relational, and transversal methodological approach. They used association tests to investigate the relationship between income, access to health, food consumption habits, and type of housing with the achieved level of formal education. The researchers collected data from the 2020 National Household Income and Expenditure Survey and the 2020 National Survey of Victimization and Perception of Public Safety. They determined the sample size to be 8,660 observations. Results: The results indicated no significant correlation, contrary to the human capital theory. However, the opposite may be true, necessitating a redirection of opportunity strategies in Mexico to ensure more people have access to quality education. Conclusions: A higher educational level entails perceiving the individual and social benefits that the economics of education theory establishes.